Metro Brands Limited IPO (Metro Brands IPO) Detail

Established in 1955, Metro Brands Limited is one of the largest Indian footwear specialty retailers, in India. The company caters to the footwear needs of customers through a wide range of branded products for the entire family including men, women, unisex and kids, and different occasions. The company targets the mid and premium segments in the footwear market which have a higher presence of organized players and growth in the overall footwear industry. Some of the company’s well-known brands include Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands also offer accessories such as belts, bags, socks, masks, and wallets, at their stores. The company also retails footcare and shoe-care products at their stores through the joint venture, M.V. Shoe Care Private Limited. The company follows the “company-owned and company operated” (COCO) model of retailing through their own Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs), to manage their stores.

As of September 30, 2021, the company operated 598 Stores across 136 cities spread across 30 states and union territories in India. The company has been supported by Mr. Rakesh Jhunjhunwala as an investor since 2007.

Competitive Strengths:

  • One of India’s largest footwear retailers
  • Wide range of brands and products
  • Efficient operating model and asset-light business
  • Presence across multiple formats and channels
  • First choice for other national and international third-party brands
  • Strong promoter background and an experienced management team
  • Strong track record of growth and profitability

Company Promoters:

Rafique A. Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust And Aziza Malik Family Trust are the company promoters.

Company Financials:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets17,396.0616,593.4016,174.2313,215.06
Total Revenue4,892.688,785.3813,110.6812,368.95
Profit After Tax430.74646.191,605.751,527.31

Objects of the Issue:

  • Expenditure for opening new stores of the company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands; and
  • General corporate purposes

Metro Brands IPO Details

IPO Opening DateDec 10, 2021
IPO Closing DateDec 14, 2021
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price[.] to [.] per equity share
Market Lot
Min Order Quantity
Listing AtBSE, NSE
Issue Size
Fresh Issue[.] Eq Shares of ₹5
(aggregating up to ₹295.00 Cr)
Offer for Sale21,450,100 Eq Shares of ₹5
(aggregating up to ₹[.] Cr)

Metro Brands IPO Tentative Timetable

The Metro Brands IPO open date is Dec 10, 2021, and the close date is Dec 14, 2021. The issue may list on Dec 22, 2021.

IPO Open DateDec 10, 2021
IPO Close DateDec 14, 2021
Basis of Allotment DateDec 17, 2021
Initiation of RefundsDec 20, 2021
Credit of Shares to Demat AccountDec 21, 2021
IPO Listing DateDec 22, 2021

Metro Brands IPO Promoter Holding

Pre Issue Share Holding83.99%
Post Issue Share Holding

Company Contact Information

Metro Brands Limited
401, Zillion, 4th Floor,
LBS Marg & CST Road Junction, Kurla (West),
Mumbai- 400 070, Maharashtra, India
Phone: + (91) 22 2654 7700

Metro Brands IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

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